Update: Mega-Cap Technology Helps Lift US Equity Indexes Higher

MT newswire2026/10/09 19:41

03:41 PM EDT, 10/09/2026 (MT Newswires) -- (Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.) US equity indexes rose amid a broad-based rally and strong gains in mega-cap technology names, while crude oil declined. The Nasdaq Composite climbed 0.6% to 27,346.2, the S&P 500 advanced 0.6% to 7,808.5, and the Dow Jones Industrial Average marched 0.8% higher to 51,632.1. Real estate, consumer discretionary, and healthcare led the gainers. Among stocks with market capitalization exceeding $200 billion, as many as seven of the top 10 were technology companies, according to data compiled by Finviz. Palo Alto Networks (PANW) led the gainers in this mega-cap category, up 5.1%. Microsoft (MSFT)-backed OpenAI expects annualized revenue to exceed $70 billion by the end of 2026, Bloomberg reported Friday, citing unnamed people familiar with the matter. Sources told Bloomberg that annualized sales were roughly $50 billion at the end of September. In geopolitical news, US President Donald Trump said he'll soon release news concerning diesel and claimed that nearly record-high prices will soon come "tumbling" down, Al Jazeera, a Middle Eastern broadcaster, reported. "We have a big announcement coming up on diesel, I think," the US president said from the White House. Front-month US West Texas Intermediate crude oil contract slipped 0.5% to $91.04 per barrel, and global benchmark Brent edged 0.4% lower to $103.87 per barrel.

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